Jerusalem is the world’s most valuable city, and its value has gone up by more than $100 billion since 2010, according to new figures.
The Israeli capital has the highest value per square meter of any city, according a report from the Stockholm International Peace Research Institute (SIPRI).
Dubbed the world leader in value per capita, Jerusalem is now worth $1,500, according the report.
It’s the sixth-highest city in the world, after Shanghai, New York, Tokyo, Paris, and London.SIPRIs report on the world capital’s rise over the past five years.
In the latest report, Jerusalem overtook Shanghai as the world value per-capita city in 2019.
The Chinese capital was ranked second, behind Shanghai.
The report, published this month, also highlighted a $3 billion increase in the value of the country’s real estate.
It said the value per home in Jerusalem jumped $2,600 from last year to $3,500 last year.
The city’s high value is due to its proximity to the Western Wall, where the holiest site of Judaism is located.
In addition, the wall serves as a holy site for Muslims.
The new SIPRI report said Jerusalem is a prime example of the “rise and fall” of the global economy.
Its value has also increased because of rising world demand for luxury goods, which also led to the development of luxury apartments in the city.
In the past year, the number of new luxury apartments was up 10 percent, according data from real estate website Zillow.
In its report, SIPRI noted that the Israeli economy is highly sensitive to changes in world markets.
Israel’s growth has been driven by demand for its oil, gas, and other natural resources, as well as by the impact of international sanctions.SOPHIE WANG/AFP/Getty ImagesThe SIPri report said that global markets have been “very supportive of Israel’s economic growth,” with the global share of the Israeli population between the ages of 15 and 64 increasing from 17 percent in 2019 to 26 percent in 2020.
The value of foreign currency reserves has also been a boon for Israel, with the value increased by $17 billion in the past 10 years.
The study also found that the Jewish state has had a steady increase in economic activity over the last decade.
Its economy expanded by $7 billion between 2009 and 2020, an average of about $2 billion per year, according SIPIRI.
The report said Israel’s GDP grew by $3.1 billion between 2016 and 2020.
But in the first quarter of 2021, economic growth slowed to a mere 0.5 percent, the report said.
That was because of the economic sanctions that were imposed on Israel over the summer and winter of last year, which led to an economic downturn.
In 2019, Israeli Prime Minister Benjamin Netanyahu announced that he was quitting his post in an effort to keep the peace process alive.
He told the media that he planned to seek the help of the United States in settling the conflict.
The SSPIRI report said there was also an economic slowdown in Israel during the summer of 2021 due to the economic embargo.
The UN agency said the economic downturn has impacted Israeli households negatively.
The value of disposable income, which is the amount of money that is spent on household needs, decreased by about $100 million between July and September of 2021 compared to the same period in 2020, the SIPI report found.
The impact of the crisis on Israel’s economy also impacted foreign investment.
In July and August of 2021 alone, there were three rounds of sanctions imposed by the United Nations, including those targeting oil and gas reserves, banking systems, and financial institutions.
The international sanctions have led to lower investment in Israel, as the country was unable to access foreign capital, according The Wall Street Journal.